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Market dynamics are changing

Various forces are shaping the landscape for development banks. Public funds have increasingly become available for private projects, sometimes at subsidized rates.

Our business model

Since 1970, FMO has made a positive difference in emerging economies by empowering entrepreneurs to build a better world.

Role as employer

The Supervisory Board appoints Management Board members. It has evaluated the performance of the Management Board as a whole and that of its individual members.

Consolidated statement of comprehensive income

For the year ended 31 December 2017

Operational risk

Operational risk is defined as the risk of direct or indirect loss resulting from inadequate or failed internal processes, people and systems or from external events.

Other reporting definitions

We have aligned our indicator definitions with internationally harmonized definitions if these are available. Below we have included the definitions of the reported impact indicators.

Pioneering spirit pays off

Asia-Pacific region | Equis Sector | Energy

Key figures

The figures and percentages mentioned throughout this integrated annual report are the figures related to the financing activities from FMO’s own funds including the FOM facility. FMO also manages several funds for the Dutch government.

Proposals and recommendations to the annual general meeting

Having stated all of the above, the Supervisory Board endorses the report of the Management Board. We propose that the AGM adopt the 2017 Annual Accounts audited by EY Accountants LLP.

Company balance sheet

As at 31 December 2017